Ginnie Mae executive vice president George Anderson said he wants to work in the private or public sector to help African countries develop secondary mortgage markets after he leaves the agency in June or July."There is growing interest in the Ginnie Mae model," Mr. Anderson said in an interview. He believes South Africa and neighboring Botswana have the infrastructure in place to create a secondary market. Mr. Anderson has worked at Department of Housing and Urban Development since he graduated from business school 33 years ago and he has served as EVP at Ginnie Mae for the past eight years. He said Ginnie Mae has a talented young staff that is ready to run the agency and Ginnie Mae is finally moving its offices out of the HUD building this summer. The new office will be two blocks away from HUD but it will have a corporate look. "I am leaving at a good time," he said.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
July 3 -
The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
July 3 -
The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3